QDI 4, LLC Acquires Hampton Inn By Hilton In Spring Hill For $9.4M
1344 Commercial Way, Spring Hill, FL 34606, United States
$9,400,000
Building Size
—
Asset Type
Hotel
Closing
Jun 5, 2023
About this deal
AI
The Hampton Inn by Hilton located at 1344 Commercial Way in Spring Hill, Florida has been sold for $9.4 million. The sale was arranged by DSH Hotel Advisors and attracted significant interest from investors looking for a Hilton-branded property in the growing Tampa area.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,400,000
- Address: 1344 Commercial Way, Spring Hill, Florida
- Market: Spring Hill
Dennis Hopper and Randy B. Taylor, representing QDI 4, LLC, acted as the buyer in the transaction, while the seller was Kinnari, Inc.
On the Map
$9,400,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93